Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Walter in HK who wrote (6644)	4/9/1999 2:06:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78576

Strange way to invest for most people, I'd say. Putting in orders way ahead of any break. Don't see why it's necessary. You ordered GE at 53 for the Oct break. Still you looked at it going down but didn't buy any scale down @75-69 range? But now your order is upped to 75. No prob. if next break is Oct. style - sharp and return. But what if not? What if GE does now get to 53 or lower. No one can tell the depth to which a market break will go. Maybe 53 will have been a good guess. And then what if it stays there? If the break is like '72(??) when it went on forever - and there were bargains everywhere, but you 'knew' there'd be even better and more the next day. I'd guess for a person like yourself-- you've seen it before and can deal with such (again). But for people who've not lived through it-- takes tons of guts IMO to hang in if/when these breaks occur, especially if they are very quick and sharp, and especially if there is no quick rebound. Very easy to be confident about putting in an order now 25 points below current. Very not so easy to live with that decision if it gets executed. JMO--- regards! Paul.